When it comes to making and selling cars, the auto industry thinks and acts globally: There is near-seamless coordination between parts suppliers, factories and dealerships. But when an unsafe car needs to be recalled, that global coordination breaks down.
If you're looking for signs that the U.S. economy is growing and that the job market is improving, just talk to small business owners.
Not only are the retro-looking "silver bullet" Airstream travel-trailers still being built by hand at the same western Ohio site that has produced them for 60 years, but the company also can't roll them out of there fast enough to meet the demand these days.
The price of natural gas has dropped 29 percent in a month, to $3.17 per 1,000 cubic feet on Tuesday from nearly $4.50 in late November. That's a steep drop even for a fuel notorious for volatile price swings.
Honda is recalling 1,252 Crosstour vehicles due to a faulty side air bag made by troubled air bag supplier Takata.
The number of Americans applying for unemployment benefits has reached its lowest level in seven weeks, a sign that the U.S. economy and job market are steadily improving.
Japan's top three carmakers reported weaker domestic production for November, as the lingering impact of the consumption tax hike in April dented sales and their strategy to build more vehicles overseas led to reduced exports in the month.
The Census Bureau reports that new orders for durable goods in November fell 0.7%, following 0.3% growth in October and 0.7% decline in September.
Takata Corp., the Japanese maker of air bags at the center of massive recalls in the U.S. and elsewhere, said Wednesday that it was reshuffling its top executives, who plan to take pay cuts in response to the crisis.
U.S. consumers are more optimistic about the economy than at any other time in the past eight years, buoyed by more jobs and falling gas prices, a survey finds.
Keurig is recalling some 7 million of single-serve coffee brewing machines because of reported burns.
U.S. factory orders for long-lasting manufactured goods slumped in November, largely due to falling demand in the military and defense sectors.
A world leader in the development of label and specialty packaging solutions for global producers of consumer brands is expanding its manufacturing operations in Laurens County, S.C.
U.S. rum aficionados are abuzz over the possibility of mixing a Cuba Libre with authentic Cuban rum, now that they will be able to bring home liquor distilled in the communist nation.
Goldman Sachs says it has sold Metro International Trade Services, a metals storage business that drew lawsuits and congressional scrutiny.
U.S. safety officials have ended their nearly three-year investigation into more than 280,000 Mercedes-Benz E-Class cars, after they found that a fuel leak that causes a gasoline odor in the vehicles poses no risk to drivers.
The U.S. economy grew at a sizzling 5 percent annual rate in the July-September period, the fastest in more than a decade, on the strength of consumer spending and business investment.
The project will create an estimated 20 jobs, and local officials have approved $3.1 million in incentives.
The related jobs are a big turnaround for the region's automotive industry, after closings of the Ford plant in Hazelwood, and Chrysler plants in Fenton, all in recent years.
Some drones on the market are capable of reaching altitudes as high as 18,000 feet — the start of "class A" airspace where most passenger and cargo airlines cruise. Operators oftentimes don't realize the risks.